Ether Price Analysis: ETH Holding Above $4K, Arkham Says 'BitMine Is Buying the Dip'
Ether held above $4,000 with increased trading volume, as Arkham reported BitMine was actively buying the dip.Summary
Ether closed near $4,022.71, maintaining its position above the $4,000 psychological floor amid trading activity 35% above the seven-day average. This defense of $4,000, which formed a double-bottom pattern on charts, was supported by news that BitMine withdrew $113 million in ETH from Bitgo to "buy the dip." Bitmine Immersion Technologies (BMNR) recently disclosed holdings of 3,313,069 ETH (about 2.8% of supply) and aims for 5% of the total supply. Chairman Thomas "Tom" Lee suggested that easing U.S.-China tensions support risk appetite, making the current setup attractive. Technically, key resistance levels are $4,050–$4,080 and $4,200, with a decisive break above $4,250 potentially triggering a move toward $5,270–$5,940.
(Source：CoinDesk)